Ch.1 The Environmental & Conceptual Framework of Financial Reporting

Don't really need them, since notes u have taken really has all of these and they are all detailed

Accounting Standards Updates

Accounting Standards Updates

(ASUs) are amendments to the FASB Accounting Standards Codification that improve accounting practices and financial reporting clarity. They may introduce new standards, modify existing ones, or clarify guidance for emerging reporting issues.

American Institute of Certified Public Accountants (AICPA)

(AICPA) is a professional organization for U.S. certified public accountants, offering resources, education, and advocacy for the accounting field.

assumptions

the rules a business uses to dictate operating procedures and remain in compliance with all relevant requirements and regulations

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